Hydrogen and Renewable Gas
View the Hydrogen Supply Chain
The role of hydrogen and renewable gas in global energy
In recent years, multiple factors have come together to drive interest in hydrogen and renewable gas
Environmental policy – Poor air quality and climate targets to reduce CO2 emissions are key. The spread of low emission zones and other similar measures in many major cities around the world have increased, and the focus of decarbonisation is shifting to reductions of CO2 emissions in all sections of the economy.
Energy Independence – Some countries have a desire to reduce imports of fossil fuels and hydrogen produced from indigenous resources (renewable electricity, or domestic coal). This could displace natural gas and oil imports while improving air quality, reducing CO2 emissions and building technology exports. For resource poor regions, imports can provide supply diversification, while for major resource holders, hydrogen provides a new export product. The commonality of interest of both importers and exporters, makes hydrogen unique within the energy complex.
Technology Development – Developments in technology are making low-carbon hydrogen more affordable. Most of the hydrogen used globally is produced from unabated fossil fuels, but reductions in the cost of renewable power generation and developments in carbon capture and storage are lowering the cost of low-carbon hydrogen.
Versatility – Hydrogen is a very versatile fuel that can be used in all sections of the economy. This versatility can lead to significant economies of scale.
Low Carbon Alternatives – for each main fossil fuel there is a low carbon alternative. Solid fuel (coal) can be replaced by solid biomass; liquid fuels produced from energy crops or synthetic fuels; and low carbon gas.
Decarbonized Gas continues to play an important part in a low-carbon economy, particularly in four key areas: peak heat, process heat, storage and transportation.
{"items" : [
{"name":"facts","url":"https://cdn.ihsmarkit.com/www/pdf/0223/Global-Clean-Technology-Service-Brochure_Highres.pdf","enabled":true,"desc":"Download product information","alt":"Download product information","mobdesc":"PDF","mobmsg":"Download product information"},{"name":"login","url":"","enabled":false,"desc":"Product Login for existing customers","alt":"Login","large":true,"mobdesc":"Login","mobmsg":"Product Login for existing customers"},{"name":"sales","override":"","number":"[num]","enabled":false,"desc":" [num]","proddesc":"[num]","alt":"</br>[num]","mobdesc":"Sales","mobmsg":": [num]"}, {"name":"share","enabled":true,"desc":"<strong>Share</strong>","mobdesc":"Share","options":[ {"name":"facebook","url":"https://www.facebook.com/sharer.php?u=http%3a%2f%2fwww.spglobal.com%2fcommodityinsights%2fen%2fci%2fproducts%2fhydrogen-global-market.html","enabled":true},{"name":"twitter","url":"https://twitter.com/intent/tweet?url=http%3a%2f%2fwww.spglobal.com%2fcommodityinsights%2fen%2fci%2fproducts%2fhydrogen-global-market.html&text=Hydrogen+and+Renewable+Gas+Forum+%7c+S%26P+Global","enabled":true},{"name":"linkedin","url":"https://www.linkedin.com/sharing/share-offsite/?url=http%3a%2f%2fwww.spglobal.com%2fcommodityinsights%2fen%2fci%2fproducts%2fhydrogen-global-market.html","enabled":true},{"name":"email","url":"?subject=Hydrogen and Renewable Gas Forum | S&P Global&body=http%3a%2f%2fwww.spglobal.com%2fcommodityinsights%2fen%2fci%2fproducts%2fhydrogen-global-market.html","enabled":true},{"name":"whatsapp","url":"https://api.whatsapp.com/send?text=Hydrogen+and+Renewable+Gas+Forum+%7c+S%26P+Global http%3a%2f%2fwww.spglobal.com%2fcommodityinsights%2fen%2fci%2fproducts%2fhydrogen-global-market.html","enabled":true}]}, {"name":"rtt","enabled":true,"mobdesc":"Top"}
]}